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On January 1, 2018, the Warden's Restaurant decides to invest in Lake Langdon bonds. The bonds mature on December 31, 2024, and pay interest on

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On January 1, 2018, the Warden's Restaurant decides to invest in Lake Langdon bonds. The bonds mature on December 31, 2024, and pay interest on June 30 and December 31 at 4% annually. The market rate of interest was 4% on January 1, 2018, so the $50,000 maturity value bonds sold for face value, Warden's intends to hold the bonds until December 31, 2024. Requirements 1. Journalize the transactions related to Warden's investment in Lake Langdon bonds during 2018 2. In what category would Warden's report the investment on the December 31, 2018, balance sheet? Requirement 1. Joumalize the transactions related to Warden's investment in Lake Langdon bonds during 2018. (Record debils first, then crodils. Select the explanation on the last line of the journal entry table.) Begin by Journalizing Warden's Investment in Lake Langdon bonds on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan. 1 Next, journalize Warden's receipt of interest on June 30, 2018 Date Accounts and Explanation Debit Credit 2018 Jun. 30 2018 Jun. 30 Now Joumalize Warden's receipt of interest on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Requirement 2. In what category would Warden's report the investment on the December 31, 2018, balance sheet? Warden's would report the investment as a{n) debt investment classified as a assot on the December 31, 2018, balance shout. Choose from any list or enter any number in the input fields and then continue to the next current long-term

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